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- Bank of England keeps its interest rate on hold at 0.5% in July
Bank of England keeps its interest rate on hold at 0.5% in July
The Bank of England (BoE) released its interest rate decision on Thursday. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.
Analysts expect that the BoE will start to raise its interest rate in early 2016.
The minutes of the meeting will be released on July 22.
All members voted in June to keep the central bank's monetary policy unchanged, according to MPC's meeting minutes.
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